Is Crony Capitalism doomed?

[BoycottTheday]

Shirley looks like it considering how things are going.

 

[ScreamingEagle]

Shirley looks like it considering how things are going.

Obama's socialist state crony capitalism is alive and well......

....from the energy lobbyists....to the union lobbyists..... to the banking lobbyists....to the automobile lobbyists.....to the Big Business lobbyists....to the transportation lobbyists....to the health care lobbyists....

....didn't BO once promise he would get rid of lobbyists in Washington......?

What Does Crony Capitalism Mean?

A description of capitalist society as being based on the close relationships between businessmen and the state. Instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the ruling government in the form of tax breaks, government grants and other incentives.

Investopedia explains Crony Capitalism

Both socialists and capitalists have been at odds with each other over assigning blame to the opposite group for the rise of crony capitalism. Socialists believe that crony capitalism is the inevitable result of pure capitalism. This belief is supported by their claims that people in power, whether business or government, look to stay in power and the only way to do this is to create networks between government and business that support each other.

On the other hand, capitalists believe that crony capitalism arises from the need of socialist governments to control the state. This requires businesses to operate closely with the government to acheive the greatest success

Read more: Crony Capitalism Definition

 

[BoycottTheday]

If they aren't doomed, we are doomed.

Simple as that.